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20131202
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Bloomberg
Dec 6, 2013 7:00pm EST
for two years. it it would set spending cuts. it would not involve any new tax increases or any major entitlement reforms. even at smaller deal is going to be challenge. they have their own set of issues and critics. one idea is the aviation security fee, hitting a passengers every time if i. the airlines don't like that. they want to see workers contribute more to their retirement plans. democrats don't like that, particularly in maryland and virginia. is timeblicans think it to and some of the benefits. if they can't reach a deal by friday, john boehner may kick the can down the road and pass a temporary spending deal that will get past the holidays. nobody like that option. but it is better than the alternative. back to you. >> tonight on political capital with al hunt, former secretary of state, dr. madeleine andight, will discuss china iran. up next, business competition can be a contact sport. we will meet one ceo who was taken a challenge literally. she takes on her rivals and elbow pads and skates and the pack -- in the fast-paced world of roller derby. that and more when bott
Bloomberg
Dec 4, 2013 7:00pm EST
taxing some down. clearly, no easy answers when it comes to this issue. still, it is safe to say this will be a primary focus for the obama administration in the months ahead. back to you. >> united states military is facing more but it cuts. hagel announced today that 200 positions will be eliminated from the office of the secretary of defense, but he said there will not be a large number of immediate layoffs. reductions that i have announced today will occur through a process of natural attrition in order to minimize the impact on our workforce. if the department is forced to one steep sequestration cuts the order of $500 billion, we may need to implement additional reductions. hagel adds that cuts will save about $1 billion over time. coming up, the fed says factories are giving the u.s. economy a boost but the latest beige book data is out. we will look at what else is expanding when "bottom line" on bloomberg television continues in just a moment. ♪ collects welcome back. let's show you how the equity markets finished. stocks fell for a fourth day. the longest him in 12 we
Bloomberg
Dec 10, 2013 6:00am EST
basis. the public is going to have to repay the debt, the principal, there will be incremental taxes, incremental taxes on my jean, rental cars. the question is whether the public will eventually repay the money. >> what is the new now? ?> as far as facilities >> or the pushback. >> acting strong pushback. -- i think strong pushback. dan francisco has a new facility, the public is involved and it seems to be working well there. a lot depends on whether you can get mixed use development around the facility. alternately bringing new money into the county or municipality. that alone will depend on whether or not it was successful. >> i believe there is a football game in january and february in three feet of snow in new jersey? >> i'm not to mention the ice hockey game in new jersey as well. the facility -- paid for by taxpayers >> the owners were on the hook. but they sold licensing to the public. in some ways the public is paying for the stadium because they have to buy the right to buy the tickets. >> we talked about how fenway park is 100 years old. the vikings are getting a new sta
Bloomberg
Dec 5, 2013 6:00am EST
. should they be regulated and taxed like a regular taxi commission? number was from leaked documents so it is not confirmed, but it is also a top line revenue number. you have to figure out what their cut is and how it slows down. the $20 million a week is hard to gauge. but the company is clearly making a lot of money and has done extraordinary things. ou and view this as peer to peer sharing, but i also view it ke lifestyle.i a whole generation of people are leaving college and coming into the job market and they are viewing their world and they are saying, hey, i don't actually need to own the assets my parents owned. i don't necessarily need to own an apartment. i can rent. i know people are moving from place to lace. -- place to place. same thing with uber. and same thing with bitcoin. the economy is being restructured and at this point it is hard to discern exactly what the role of government should be. government risk of overreaching -- look, i was on the stand against iker soft in the antitrust case and it is one of the things in my career that i regret because i think it was an
Bloomberg
Dec 10, 2013 6:00pm EST
not touching any of the big issues of tax increases or entitlement reforms, but it is good to see they are making a good-faith effort to come together, even though we have the two sides, republicans and democrats have come together to reach a broader outline for a deal, it is still going to take some convincing. some are not happy about having to pay higher premiums for their pensions, so it is something that both sides are still going to have to do a lot of donencing, that we are not and are not closed yet. >> thank you. we will continue to follow this washington. i went to get to some breaking news, and this from the -- i want to get to some breaking news. developing wearable technology, according to two people familiar with this. conn will provide office space and services to at least 20 companies. they are trying to diversify some revenue stream as things threaten to do rail their traditional business. to -- i, i went to go want to go to someone who helped to break this story. first of all, tell us what you know about the actual fund. >> good morning from taipei. well, the key is r
Bloomberg
Dec 6, 2013 6:00am EST
reduce property taxes and the cost of maintaining foreclosed homes. commodities have been much in the pictures. look at gold, all over the place. mining companies are reacting to the challenges of slashing costs and delaying capital investment. alix steel is here looking at commodities. she knows how to pronounce vale. >> they are the biggest i am producer in the world. that is used to make steel, which is made and everything. what other companies are doing, trimming investments for a third year, selling assets including $10 million of it cold unit. doingo said they were that, trying to trim the fat down. >> everybody else does it. brazil?unique to >> they are based in brazil so the question happens to what is going to happen to brazil's credit-rating? has indit default market trading as if they are linked. swap prices have been rising as a threat of a possible downgrade in brazil. >> you are good at this, link this to the blood we have seen in gold this week. there is a commodities silver cycle, there is a debate along broad come -- along broad movement on commodity pr ices. on this
Bloomberg
Dec 9, 2013 6:00am EST
of revenue, other fees, things like that. but no mage deer sigses here on taxes or entitlement programs. they're kicking the can down the road. dick doiben the number two senate democrat said negotiations are going in the right direction. >> negotiations are making progress moving in the right direction. they haven't closed the deal. >> they haven't closed the deal. what's needed to close the deal? >> there's some issues out there, sticking points. if they replace the sequester cuts there's going to be criticisms for the idea they put in place. one is asking more federal employees to contribute more to their pension programs. this is adamantly opposed by a ot of federal workers. that's one issue. there are also questions about whether you extend unemployment benefits, emergency unemployment benefits. nancy pelosi would like to see part of the package. but that still is a question mark. it's going to cost about $25 billion. then the bigger question is at the end of the day can whatever ryan and murray put together, can it pass the respective chambers? there's still going to be s
Search Results 0 to 6 of about 7